FILE PHOTO: A tanker carrying U.S. crude for Cosmo Oil arrives off Chiba, inside Tokyo Bay, Japan, after transiting the Panama Canal, April 26, 2026, in this photo taken by Kyodo. Mandatory credit Kyodo/File Photo

Brent Crude Oil tumbled more than $7 a barrel in post-settlement trade on Monday after United States President Donald Trump downplayed the likelihood of military strikes on Iran .